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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
 
Three Months Ended September 30,
 
2017
 
2016
 
Class A
 
Class B
 
Class A
 
Class B
 
(In thousands except per share amounts)
 
 
 
 
 
 
 
 
Numerator for Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
Net income
$
21,813

 
 
 
33,736

 
 
Dividends - Class A shares

 
 
 

 
 
Dividends - Class B shares

 
 
 

 
 
 
 
 
 
 
 
 
 
Undistributed income
$
21,813

 
 
 
33,736

 
 
 
 
 
 
 
 
 
 
Allocation of net income:
 

 
 
 
 

 
 
Dividends
$

 

 

 

Allocation of undistributed income
21,196

 
617

 
32,782

 
954

 
 
 
 
 
 
 
 
Net income
$
21,196

 
617

 
32,782

 
954

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

Basic earnings per share - weighted-average shares
3,436

 
200

 
3,436

 
200

Effect of dilutive stock options

 

 

 

 
 
 
 
 
 
 
 
Diluted earnings per share - adjusted weighted-average shares for assumed conversions
3,436

 
200

 
3,436

 
200

 
 
 
 
 
 
 
 
Basic Earnings Per Share
$
6.17

 
3.08

 
9.54

 
4.77

 
 
 
 
 
 
 
 
Diluted Earnings Per Share
$
6.17

 
3.08

 
9.54

 
4.77




 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
2017
 
2016
 
Class A
 
Class B
 
Class A
 
Class B
 
(In thousands except per share amounts)
 
 
 
 
 
 
 
 
Numerator for Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
Net income
$
70,834

 
 
 
77,280

 
 
Dividends - Class A shares

 
 
 

 
 
Dividends - Class B shares

 
 
 

 
 
 
 
 
 
 
 
 
 
Undistributed income
$
70,834

 
 
 
77,280

 
 
 
 
 
 
 
 
 
 
Allocation of net income:
 

 
 
 
 

 
 
Dividends
$

 

 

 

Allocation of undistributed income
68,831

 
2,003

 
75,095

 
2,185

 
 
 
 
 
 
 
 
Net income
$
68,831

 
2,003

 
75,095

 
2,185

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

Basic earnings per share - weighted-average shares
3,436

 
200

 
3,436

 
200

Effect of dilutive stock options

 

 

 

 
 
 
 
 
 
 
 
Diluted earnings per share - adjusted weighted-average shares for assumed conversions
3,436

 
200

 
3,436

 
200

 
 
 
 
 
 
 
 
Basic Earnings Per Share
$
20.03

 
10.02

 
21.85

 
10.93

 
 
 
 
 
 
 
 
Diluted Earnings Per Share
$
20.03

 
10.02

 
21.85

 
10.93